Project Execution Planning and Management

PROJECT EXECUTION
PLANNING AND
MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Project Selection..........................................................................................................................3
Background of the Case Project..................................................................................................3
Project Delivery Method..............................................................................................................4
Financial Contract Type..............................................................................................................6
Best Procurement Method...........................................................................................................8
Risk Management Plan................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Proper planning and management are very necessary to an organisation to conduct their
all projects in effective manner. Top-level within a company or businesses mainly responsible to
plan and manage a project. Currently various ways and methods are available to an organisation
which can support in successfully complete project. Companies and businesses put their huge
efforts to complete a project. This report discusses project execution planning and management
of opera house, Australia. This opera house situated in Sydney (Australia) which is basically a
performing arts centre, where continually many programmes conducts. Some major project
delivery methods also have discussed in this report which can support to upper management of
opera house for systematically conducting activities of their projects. Financial contract type also
has mentioned in this report which support opera house for easily fulfilling their financial needs
for an event or project. This report includes best procurement method and an effective risk
management plan as well.
MAIN BODY
Project Selection
Top-level management at opera house has decided to start a new project where it want to
organise a music festival. In this music festival, it has planned in invite some popular signers
from home country Australia (Sanghera, 2019). Then it has decided to sell tickets of that music
festival to people. There are management offers only limited seats (500 seats) to people, so only
500 people can purchase tickets of music festival. Upper management also has decided to invite
some popular personalities or VIPs of Australia, like; actor, cricketer and politicians etc. It plans
to invite on some selected personalities. Management has arranged total 30 VIP seats. In this
music festival, there are all types music will be performed.
Background of the Case Project
In this project, existing management of opera house has decided to organise a music
festival where it has planned to sell 500 tickets to people for attending that festival. The main
aim behind this music festival is to gain some fund through tickets for helping and supporting
those area of Australia which has always suffered by natural disaster. This is really great

initiative which top-level management of opera house has started, because this step of
management mostly promotes social welfare aspect (Raikov, Bauer and Eremin, 2019). The
management has already arranged some effective ways of security to protect people while they
attending upcoming music festival. For example; It has arranged some security guards, CCTVs,
fire extinguishers etc. Safety and security is one of major tasks to management team in this
project.
On the other hand, existing management plans for providing some food items also to
people who will attend this music festival. In this music festival, opera house has given chance to
few rising singers as well. In this situation, it is great opportunity to such rising singers to
perform well. management authority has decided to give praise to that singer who will perform
well in upcoming music festival. Currently existing management of opera house is too excited to
organise this music festival.
Project Delivery Method
There are project delivery methods are very useful for opera house, because by using
these methods existing management can easily achieve final target of their project (Ittner and
Michels, 2017). Design-Bid-Build, Design-Build and Construction Management at Risk are
some major project delivery methods which can support to opera house for successfully
organising upcoming project which has based on music festival. These major project delivery
methods have been discussed below;
Design-Bid-Build (DBB)
Design-Big-Build method is basically a traditional project delivery method of United
States. This method will give opportunity to opera house to conduct all activities of its project in
effective manner. Currently may business and companies invest very high amount for employing
this method in their daily operations. In this method, top-level management of opera house
should need to design a specific plan to properly manage project execution processes in the
future. This method provides some innovative ways which can support the opera house for
arranging such resources which it has highly required for upcoming music festival (Junior,
Gyamfi and Akorli, 2017). This method basically includes three major sequential phases of